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State Pension Cost Forecasts

Volume 621: debated on Thursday 8 February 2001

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asked Her Majesty's Government:What is the estimated aggregate annual cost in today's money of providing the basic state pension in (a) the current year; (b) 15 years from now; and (c) 35 years from now, assuming the current pension is maintained in real terms. [HL540]

The Parliamentary Under-Secretary of State, Department of Social Security
(Baroness Hollis of Heigham)

Long-term estimates of expenditure on the basic state pension are published in table 15.1 of the Government Actuary's Department's quiquennial review National Insurance Fund: Long Term Financial Estimates, Cm 4406. A copy is available in the Library.